CESOP: The information-reporting requirement of payment service providers on cross-border payments
This page contains an overview of the payment service providers’ information-reporting requirement.
News
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If you have any questions, please send email to: cesop(a)vero.fi
Guidance for foreign PSPs
Payment service providers must submit information to the Finnish Tax Administration on the payment services they provide in Finland. The obligation to provide information concerns cross-border payments, i.e. payments where the payer is located in an EU Member State and the payee is either in another EU Member State or outside the EU.
CESOP reporting
CESOP reports are submitted as a software file based on the CESOP XML Schema, in the Ilmoitin.fi website or through the API interface. When a report has been submitted, the payment service provider receives a response indicating whether the report complies with the requirements. If the report was insufficient, it must be resubmitted. The response indicates what part of the report needs to be corrected.
Finnish Business ID for CESOP reporting
If a foreign company needs a Finnish Business ID, they must apply for it by filling in a start-up notification Y1 and appendix form 6204 and submitting a foreign trade register extract or an equivalent document to the Finnish Tax Administration.
Links
- Detailed guidance: The information-reporting requirement of payment service providers on cross-border payments (in Finnish and Swedish)
- Detailed guidance: Negligence penalty for a third-party filer regarding the information-reporting requirement of payment service providers
- Technical guidance: Payment service providers’ report on cross-border payments (CESOP)
- The Finnish legal act governing the information-reporting requirement (Laki rajat ylittäviä maksuja koskevasta maksupalveluntarjoajien tiedonantovelvollisuudesta (659/2023))
- The revised PSP Directive: Council Directive (EU) 2020/284
- The payment services Regulation: Council Regulation (EU) 2020/283
- Transmission and exchange of payment data to fight VAT fraud, Guidelines for the reporting of payment data
- Frequently asked questions on the EU Commission’s website: CESOP - FAQ
- CIRCABC